6500 Motor Enclave Way #1503TampaFL33610
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 6500 Motor Enclave Way #1503, Tampa, FL, 33610 in Tampa. Rental yield 2.4%. At $995,000 with 2.4% gross yield, current distributions are modest, but the 5% appreciation rate projects $274,900 in new equity by year five, complemented by $9,164/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.45) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $52,568.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 3.0% |
| Monthly Cash Flow | $(5,111) | $350 |
City averages based on Tampa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,992 |
| Total Monthly Debt Service | $6,707 |
| DSCR Ratio | 0.30x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
N/A lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33610, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,150 (100%) |
| Owner Occupied HU | 8,259 (45.5%) |
| Renter Occupied HU | 8,914 (49.1%) |
| Vacant Housing Units | 977 ( 5.4%) |
| Median Home Value | $232,567 |
| Average Home Value | $300,910 |
Housing Distribution
Address Breakdown
Residential
17,295
Single Family
13,161
Multi-Family
4,134
Businesses
1,735
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2023
N/A lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33610, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,150 (100%) |
| Owner Occupied HU | 8,259 (45.5%) |
| Renter Occupied HU | 8,914 (49.1%) |
| Vacant Housing Units | 977 ( 5.4%) |
| Median Home Value | $232,567 |
| Average Home Value | $300,910 |
Housing Distribution
Address Breakdown
Residential
17,295
Single Family
13,161
Multi-Family
4,134
Businesses
1,735
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices